100 W Allegan Street Otsego, MI ^$ 400,000

100 W Allegan Street

^$ 400,000

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100 W Allegan Street

Otsego, MI, 49078

^$ 400,000

Studio Baths0.0 Sq 3,388

Monthly Estimate*

^$ 2,659

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Studio

Commercial Property for sale in Otsego, MI

for $400,000. This 3,388 square foot building was built in 1913 on a lot size of 0.08.

Own two iconic, well-maintained buildings in the heart of downtown Otsego with a profitable coffee house/bakery. The adjoining building houses a tenant paying $1,000/month but could become expansion space for the coffee house. Updates include chimney, 2023; roof, 2022; kitchen expansion, 2020; fresh paint inside and out. Ample free parking nearby, and great exposure on M-89 with over 15,000 cars/day. Grow the existing business by expanding the menu, catering, more indoor & outdoor seating, and events. Or start something new: sandwich shop, specialty foods, deli, etc. Sale includes furniture, fixtures, equipment, retail beer & wine license, recipes, name, and all branding; building and business available separately. Current owners are willing to stay on to help with the transition.

Commercial Active

Price

^$ 400,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 8,262

Style

Business

Lot Size

0.08

Year Built

1913

Town/City

Otsego

County/Region

Allegan

MLS | Web ID

70392079

Features

General

Heating Forced Air

Possession At Close

Roof Rubber

Water Public Water

Status Active Active

Year Built 1913

County Allegan

Class COM/IND/BUS OPP

Type Business

Percent Ownership LLC

Municipality Otsego

Subdivision MI

Commercial Features Cable Internet Installed Furniture

Area Otsego (03036)

Primary City Otsego

Directions From 131 head west on M-89 to property

City Otsego

Street Name Allegan

Financial Terms Cash Conventional

Legal Description Legal on file

DOM 93

Postal Code 49078

Price Per Sq Ft Total 118.06

Coming Soon Own two iconic well-maintained buildings in the heart of downtown Otsego with a profitable coffee house/bakery. The adjoining building houses a tenant paying $1

Exterior

Exterior Brick Frame Stone Wood

Frontage 49

Lot Size Area 0.08

Lot Dimensions 49x70

Roads City/County

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Rob Peterson

Listing Agent

Dover Birch & Associates

Broker

rob@doverbirch.com

Affordability Calculator

$3,347

Per Month

Monthly Principal & Interest: $2,659
Monthly Property Taxes: $689
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Otsego, MI

Average List Price ^$683,333

Percent of Sale Price 71%

About Otsego, MI

4,027 Population

2% Since 2002

^$45,315 Median Income

39.05 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/28/2024	$400,000		Listed Price

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100 W Allegan Street, Otsego, MI, 49078 is a Commercial Property for sale at $400,000 with 3,388 sqft and a lot size of 0.08. 100 W Allegan Street is a studio with 0.0 baths and was built in 1913. The property's zip code is 49078 which is in Otsego, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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100 W Allegan Street

Commercial Property for sale in Otsego, MI

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